How I’m able to save 50% of my income as a MINIMALIST

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Nice video ! I'm a father of two who bought a house last year. For me, it was a major turning point! In addition to feeling the effects of the economic downturn, I'm lucky enough to enjoy a respectable monthly income from wise investments that I've made. I have therefore meticulously prepared for my retirement following my children's graduation from college.

You mentioned a lot of my money-saving tips. One thing that is really useful to mention is something most people don't think of. If you ask most people what their biggest expense is, they usually say housing. But it actually probably is taxes! Most places now charge VAT or GST on goods and services, so every time you stop yourself from buying something new, you also save the extra cost of taxes. Where I live there is no tax charged on purchases from charity shops, and I often buy things from garage/boot/yard sales (whatever they call it where you live), and sometimes pick items up from the side of the road that have "FREE" signs on them. Some people I know pick these things up and resell them, or fix them up or rework them, and then sell them. The same for services. Since the lockdowns I now cut my own hair - so I don't pay for haircuts or the tax on that service. And I also cut a friend's hair until she figured out how to do it herself by watching a YouTube video. If you add up the tax you save by saying no to all those purchases, it can really add up! And you can organize clothing and "stuff" swaps, too, with friends. Some places now have "Reuse" centres at the local tip/dump where you can leave items you no longer need, and pick up anything you want for free. This is how I get most of my books, as a big reader. When I read them I return them, so I only need some temporary holding space for the ones I have picked up and haven't yet read. Thanks for sharing your tips!

This video was far more helpful than I thought it would be! Your number one question "Is this purchase worth sacrificing my big goal?" is something I will implement from now on, thank you so much for that! And ooooh Bridgerton, I cried my eyes out after finishing "Queen Charlotte" 😭😭😭

Yes living frugally an saving money is important but with bills an kids is hard but we all do the best we can,thanks for this helpful vlog 😊❤❤❤❤❤

I agree Molly, i love being sensible and sustainable in my choices. Helps our world as well as ourselves. Blessings Philippa New Zealand

These are sometimes hard videos to watch cause it makes you realize what you need to do but have a hard time doing it. Especially when you write Down your spending. Wow that is a reality check. Thank you

Lovely video. As I live in a town I've been able to manage without a car and make all my local journeys by bicycle. About four years ago I had solid tyres, made by Tannus, fitted to it. That has saved me a lot of money on new tyres, inner tubes and time lost and stress caused by punctures. The ride is just a bit slower and bumpier but the reliability makes up for it.

Wow you save 50 of your income that awesome I am proud of you

Thanks for sharing good suggestions for this day and age. I Look for discounts no matter where I shop

Im so glad i stumbled upon your page 🤗

This was great and super reassuring. 😊

Absolutely loved this video! Definitely inspired me to save more!

Wow...loved your tip about putting all your income into your savings account first!!! That's a very astute move Molly and love the psychology behind it as I suppose one is more rather reluctant to keep taking out of a Savings Account than a Current Account. 👍

Brilliant and Beautiful vid as always 🐕 thank you. So helpful and yes please to a Minimalist Money planner 🌟

There are so many things that can be cut back on or not purchased at all. Everyone is not going to be able to do as you’ve done, but even simple changes can make a big difference. Eating out/fast food is a common expense that can be eliminated without much pain. If you’re not tracking your purchases you will be amazed at how much you’re spending. Cooking at home is always less expensive. Many people are clothing snobs. There are perfectly lovely clothes out there that are affordable. A cute outfit can be put together for under $100……you don’t have to spend that much on one item. Shopping at consignment shops or 2nd hand shops can yield great finds, depending on where you live. Children don’t have to have everything they want. I know that’s practically blasphemous to some parents 😆….but it’s true.

Love this! I am so close to being at 50%

Thank you for your wonderfully inspiring videos🙏💛🌻🌱💞

My husband I began a budget forty years ago when he was in school getting a second degree and I was working. It was amazing to see our itemized expenses monthly and that enabled us to have more as we continued, as the awareness of where each dollar was going was essential to not only our life at the time, but it provided a most practical and joyful way of living. The result of a strict budget all those years resulted in much joy along the way, and now in our retirement it has provided a sense of freedom financially and in our energy and joy currently. Budgeting does not mean drudgery or depriving oneself of the lifestyle one loves. . Budgeting means intelligently making choices, and creating a healthy balance in one’s mind and activities. It’s truly a freeing thing that brings a sense of abundance and healthy living. Thank you Molly for presenting your ideas so gently and with such mindful intention. 🙏🕊

I ABSOLUTELY LOVE THE BEAUTIFUL PRECIOUS DOG !!!